Tether has 'redistributed' $108.8M USDT from illicit activity since 2014
The most recent seizure of $5 million USDT from pig-butchering scams marks a “significant victory” in the ongoing fight against cyber fraud, according to Tether.
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US Crypto Exchange Launches Spot Trading for Institutional Investors
Chicago-based, licensed crypto exchange Seed CX has launched spot trading for institutional investors, according to an official press release published on Wednesday, Jan. 23.Spot trading is the purchase or sale of a currency, financial instrument or commodity for immediate delivery. Spot contracts can include the physical delivery of the the instrument, commodity or currency.Per the…
Breaking: Ripple wins case against SEC as judge rules XRP is not a security
CEO Brad Garlinghouse recently opined that the case would end soon, but the fight for crypto wasn’t over yet. 37971 Total views 194 Total shares Ripple Labs scored a victory in the United States District Court in the Southern District of New York on July 13 as Judge Analisa Torres ruled in favor of the company…
Binance to assist Cambodia in developing crypto regulations
Crypto exchange Binance has signed similar agreements with governments in Kazakhstan, Dubai and Bermuda. 100 Total views 4 Total shares Crypto exchange Binance has signed a memorandum of understanding (MoU) with the Securities and Exchange Regulator of Cambodia (SERC), according to a June 30 announcement.Binance and SERC will work together to develop crypto regulations in the…
Biden’s executive order promises great things for the crypto industry — Eventually
United States President Joe Biden signed the Executive Order on Ensuring Responsible Development of Digital Assets on March 9. The order had been expected for several months, giving some in the industry ample time to build up trepidation. Once the executive order, or EO, was released, however, it was met with a chorus of approval.“I…
Bitcoin recovery breaks back over $10,000
Wednesday, July 31 — After falling below the $10K barrier on July 27 and splashing around in the mid-$9,000s for the intervening days, Bitcoin (BTC) is back in the five figures as of 3:15 PM UTC.Infographic courtesy of CoinMarketCapAfter starting the day around the $9,500 price point, BTC has seen steady increases on the day…
Blackstone Majority-Owned Indian Tech Firm Partners With Bitfury on Trade Finance Project
Indian tech firm Mphasis — majority-owned by the American multinational private equity firm Blackstone Group — has partnered with blockchain tech giant Bitfury on a trade finance project, Reuters reported on May 28.The report notes that Blackstone owns 52.3% of Mphasis, which is listed on the National Stock Exchange of India. According to Reuters, details…
CZ and Saylor urge for crypto self-custody amid increasing uncertainty
Binance CEO Changpeng Zhao said self-custody is a “fundamental human right,” while Michael Saylor said self-custody is necessary to prevent powerful actors from accumulating and abusing power. Industry heavyweights have urged crypto investors and traders to self-custody their crypto assets amid the significant market uncertainty brought on by the collapse of FTX. In a Nov. 13…
UK’s Financial Regulator Mulls Ban on Sale of Crypto Derivatives
The U.K.’s Financial Conduct Authority (FCA) has said it will consider whether to ban the sale of cryptocurrency-based derivatives, the Financial Times (FT) reported Oct. 29.Unlike crypto spot market activities, trading, transacting and advising on crypto derivatives such as contracts for difference (CFDs), options, and futures currently falls within the FCA’s regulatory perimeter and requires…